DAM Hybrid

IBKR offers 'DAM Hybrid' solution where the hosting firm can provide IBKR with partial data to create the account via API; user will complete remaining application including completion of tax form and signing IBKR agreements via the IBKR hosted portal.

• Registration process 100% Electronic

• Application hosted by IBKR

• Moderate development work involved

• No cost associated with using this service.

• Supported for all customer types including Individual, Joint, Retirement, Organization and Trusts accounts. (Full Integration is only available for Individual, Joint and Retirement).

• Quickest to market

 

Workflow for Advisor and Fully-Disclosed clients

1. Create Account with IBKR 

• Submit partial application data to IBKR using /create endpoint.

  • Minimally, we will require Name, Email, Residence country, Accounts to create an account.

    • Available fields

    • Sample Applications

• IBKR will return a real-time response with the account credentials and pending tasks.

 

2. Direct user to IBKR Portal to complete remaining application steps.

• Create Single Sign On session to seamlessly connect user to the IBKR Portal.

  • The IBKR Portal can be customized (free of cost) to reflect your company branding including logo, company name, and theme file. This can be configured directly within IBKR Portal.

3. Set Password and Complete Email Verification (Optional)

• IBKR authentication with username and password is required IF setting / changing banking instructions OR facilitating withdrawals within the IBKR Hosted Portal.

• API supports creation of ACH instructions for U.S. Based Clients. For all other clients, banking instructions for withdrawals will need to be added within the IBKR Portal; which means password will need to be set on the account.

• IBKR provides 2 options for setting password (if option 2, post approval, skip to step 4).

• Option 1: Specify password during client registration (Suggested) 

• Upon accessing IBKR Portal, user will be prompted to enter temporary password (that was included in the response file) + set new password.

• IBKR will send email confirmation toke to verify the identity. Email will be branded with your company logo and return email address.

Sample email

• Password change has been processed.

• Option 2: Set password post approval.

  • Counterparty will direct user to IBKR's Password Reset Tool to set password.

    • URL: https://www.clientam.com/sso/PasswordReset?partnerID=<InsertWhiteBrandingIdHere>

  • User enters IBKR username and date of birth.

  • IBKR will send SMS token to verify identity.

  • User will set password and complete email verification.

 

4. User completes remaining application steps.

• Application will be pre-filled with information that was included in the XML file to create the account.

Screen 1: About You

Screen 2: Configure Your Trading Account

Screen 3: Agreements and Disclosures

 

Screen 4: Application Status